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Texas Insurance Code - INS § 1551.061. Annual Report

Current as of January 01, 2024 | Updated by Findlaw Staff

The board of trustees shall submit a written report not later than February 1 of each year to the governor, lieutenant governor, speaker of the house of representatives, and Legislative Budget Board concerning the coverages provided and the benefits and services being received by all participants under this chapter.  The report must include:

(1) information about the effectiveness and efficiency of:

(A) managed care cost containment practices;  and

(B) fraud detection and prevention procedures;

(2) basic information about each group coverage plan provided under this chapter, including the number of participants in each plan and the claims amounts and administrative expenses incurred under each plan;

(3) a summary of recent changes to the benefits provided under this chapter that highlights any key benefits the board of trustees evaluated but did not implement;

(4) a discussion of trends in claims under group coverage plans as well as other areas of interest identified by the board of trustees;

(5) recommendations for any statutory changes the board of trustees determines necessary to achieve its goals for the group benefits program;  and

(6) any other information the board of trustees determines appropriate.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 1551.061. Annual Report - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1551-061/

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